GlobeNewswire
BOSTON, Oct. 18, 2022 (GLOBE NEWSWIRE) -- Block & Leviton is investigating BRP Group, Inc. (NASDAQ: BRP) for potential securities law violations. Investors who have lost money in their BRP Group, Inc. investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://www.blockleviton.com/cases/brp.
What is this all about?
On September 13, 2022, NINGI Research issued a short report alleging that “BRP has doctored its organic growth rate to beat analysts’ estimates,” and “the company misled investors by presenting inorganic revenue as organic revenue through a self-proclaimed separate agreement with an affiliate.”
Additionally, the NINGI report alleges that “in 2020 BRP’s proprietary “MGA of the Future” technology was misappropriated by an employee and handed to a competitor, as alleged by BRP in a lawsuit,” however, “the company allegedly did not notice the misappropriation until May 2021 but did not disclose the intellectual property theft to investors to date, despite arguing in a lawsuit that the theft has and will have severe damage to BRP’s revenue and market share.”
Shares of BRP Group, Inc. fell more than 7% in intraday trading on September 13, 2022.
Who is eligible?
Anyone who purchased BRP Group, Inc. stock and has lost money may be eligible, whether or not they have sold their investment. Investors should contact Block & Leviton to learn more.
What is Block & Leviton doing?
Block & Leviton is investigating whether the Company committed securities law violations and may file an action to attempt to recover losses on behalf of investors who have lost money.
What should you do next?
If you've lost money on your investment, you should contact Block & Leviton to learn more via our case website, by email at , or by phone at (617) 398-5600.
Why should you contact Block & Leviton?
Many law firms have issued releases about this matter; most of those firms do not actually litigate securities class actions. Block & Leviton is a law firm that actually litigates cases. We are dedicated to obtaining significant recoveries on behalf of defrauded investors through active litigation in the federal courts across the country. Many of the nation's top institutional investors hire us to represent their interests. You can learn more about us at our website, , or call (617) 398-5600 or email [email protected] with any questions.
This notice may constitute attorney advertising.
CONTACT:
BLOCK & LEVITON LLP
260 Franklin St., Suite 1860
Boston, MA 02110
Phone: (617) 398-5600
Email:
SOURCE: Block & Leviton LLP
source: https://www.morningstar.com/news/globe-newswire/8667434/brp-group-inc-investigated-by-block-leviton-for-potential-securities-law-violations-investors-who-have-lost-money-are-encouraged-to-contact-the-firm
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